The market had a positive session on Tuesday and many of the stocks we follow did great. Let’s take a look at a few of them.
- Adial Pharmaceuticals, Inc. (NASDAQ:ADIL) has been popping, pulling back, popping, consolidating, looks very bullish, formed a wedge, and that broke out on Tuesday as we put a swing on it. It jumped 1.06, or 14 1/2%, to 8.33, on 1.45 million shares. I think it will make it to 12.
- Apyx Medical Corporation (NASDAQ:APYX), one of my Top-30 picks, continues to move up 8 days in a row, 15 of the last 16 days. On Tuesday it popped another 42 cents, or 5%, to 8.67 on 403,900 shares traded. I think it’s headed to the 10-11 range.
- Calix, Inc. (NYSE:CALX) has been coming down for a week, held near price support, and then popped 65 cents, or 7.32%, to 9.53, on 1 million shares on Tuesday. If it gets through the 10-level, it could see the 10 3/4-11, and 12 range. Those are the targets going forward.
- Ciena Corporation (NYSE:CIEN) looks great, forming a wedge, and then popped out again on Tuesday, gaining 1.00, or 2.73%, to 37.63, on 2.1 million shares. The highest we’ve seen on this stock goes back in 2007, and 11-year high, a 45.85-point high. If it can get through 37.63, it could accelerate to the low 40’s.
- Intelligent Systems Corporation (NYSE:INS) is one of the Top 30 for the year. It has been up almost every day for the last two weeks, and looks fabulous in a nice rising channel. Tuesday’s reversal and close, up 1.49, or 8.23%, to 19.59, on 52,072 shares traded, closing at the highs for the day, tells me that this is far from done. If it accelerates through here, it may head to the mid 20’s.
- Nutanix, Inc. (NASDAQ:NTNX) looks great. I love this chart. A triple bottom, base pattern, and multiple tops that were broken on Tuesday with a thrust of 3.19, or 7%, to 48.74, on 4 million shares. I think this stock will be headed to 54, and eventually back to 62. That’s my opinion.
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